BNY Mellon appoints new EMEA chairman
21 July 2011 London
Image: Shutterstock
BNY Mellon has appointed Michael Cole-Fontayn as its new chairman of Europe, Middle East & Africa (EMEA).
The EMEA region represents 26 per cent of global revenues and employs 10,000 staff across 16 countries.
As chairman of EMEA, Cole-Fontayn will lead the regional management team in executing the company's strategic plans and accelerating growth across this key region. He will retain his existing role and responsibilities as chief executive officer, depositary receipts at BNY Mellon. Cole-Fontayn takes over the role of chairman from Tim Keaney, CEO of BNY Mellon Asset Servicing. Keaney is moving to New York, where he will continue to lead the asset servicing business globally.
Gerald Hassell, president of BNY Mellon, said: "The expansion of our international businesses is key to our company's ongoing success. We continue to see many exciting opportunities in EMEA, and we are well placed to capitalise on the momentum we have gained in the region. We continue to gain market share and benefit from our recent acquisitions of Insight Investment Management in the UK, BHF Asset Servicing in Germany and PNC's Global Investment Servicing business. Michael brings many years of experience and strong international credentials to his new role, and is the ideal candidate to build upon Tim Keaney's many achievements as chairman."
Cole-Fontayn joined BNY Mellon in 1984 and has worked within the Depositary Receipts business since 1992. He ran BNY Mellon's Issuer Services Group in Hong Kong between 1993 and 2000. He is a member of BNY Mellon's Executive Committee and Global Operating Committee.
The EMEA region represents 26 per cent of global revenues and employs 10,000 staff across 16 countries.
As chairman of EMEA, Cole-Fontayn will lead the regional management team in executing the company's strategic plans and accelerating growth across this key region. He will retain his existing role and responsibilities as chief executive officer, depositary receipts at BNY Mellon. Cole-Fontayn takes over the role of chairman from Tim Keaney, CEO of BNY Mellon Asset Servicing. Keaney is moving to New York, where he will continue to lead the asset servicing business globally.
Gerald Hassell, president of BNY Mellon, said: "The expansion of our international businesses is key to our company's ongoing success. We continue to see many exciting opportunities in EMEA, and we are well placed to capitalise on the momentum we have gained in the region. We continue to gain market share and benefit from our recent acquisitions of Insight Investment Management in the UK, BHF Asset Servicing in Germany and PNC's Global Investment Servicing business. Michael brings many years of experience and strong international credentials to his new role, and is the ideal candidate to build upon Tim Keaney's many achievements as chairman."
Cole-Fontayn joined BNY Mellon in 1984 and has worked within the Depositary Receipts business since 1992. He ran BNY Mellon's Issuer Services Group in Hong Kong between 1993 and 2000. He is a member of BNY Mellon's Executive Committee and Global Operating Committee.
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